The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-10-13
THE BANKERS MEET.
Their Views on the Finances
Generally.
HOW TO AVOID THE SURPLUS,
a Move Against Defaulters-Pro-
posed Mammoth Centennial Cele-
brstion-Other Notes.
low TO AVOID THE SURPLUS.
The Bankers Meet.

PITTsBURG, October 1.-THE annual
meeting of the American Bankers Asso-
citation commenced at the Grand Opera
House this morning. The building,
which has been recently opened. pre-
sented beautiful appearance, potted
plants, which were displayed IN Ell =
CANT taste, adding to and not detract-
ing from the decoration of the auditt-
rum. When the meeting was called to
order, at 1870, some 200 representa-
tiVes of leading financial institutions of
the country we're present, while the
seats set apart for spectators
number of the audience being ladies.
After Chairman Logan G. Murray, of
New York, had called the association
to order, Right Rev. CORTLAND White
head, Episcopal bishop of Pittsburg,
invoked divine blessing on the pro-
ceedings; after which Hon. Daniel
AgneW, eX-chief justice of the Supreme
Court of Pennsylvania, made an ad
dress of welcome. at the conclusion
of Judge Agnew's remarks, Logan G.
Murray, president OF the associa ton,
delivered his annual address. This was
followed by the reading OF re-
ports of officers. The secretary's
report showed gratifying liner in
the membership, especially in the south
and west. Last year the total member
ship was L. 02, while this year tits 1852.
The increase would have been larger,
but for certain monetary questions
which caused some to withhold their
influence. A reaction had set IN, how
ever, and it was the general opinion
that the outlook was exceedingly bright.
A committee of five was appointed to
suggest nominations for officers for the
ensuing year. Pending their report,
John J. Knox, ex-comptrolIer of the
United States treasury. delivered an ad-
dress on the surplus of the public debt.
H. N. Kingmad, of Chicago, then pre-
sented ideas on commercial paper as
factor in the discount account of banks.
Hon. Daniel Agnew then read an able
paper on the legal future of the ma
tional banking system. after which the
convention adjourned for dinner.
In the afternoon Hon. Beriah Will
kins, of Ohio, delivered an address on
How to avoid the accumulation of
surplus in the future"
Mercantile National Bank. of New
York, followed in a deeply technical
paper on "The possible emergencie> in
the money market"
b. n. Kingman, of Chicago, read
paper and was followed by Colonel
Exall, of Texas, who addressed the
convention on 1.-The progress and
growth of the south and west"
A resolution was tLen adopted refer
ing to the immunity enjoyed by the
class of criminals known as defaulters
and embezzlers by a fight to Canada,
and requesting the executive committee
to appoint committee to represent to
the State Departmenttheg great evil now
existing and urge an early amendment
of the treaties with Great Britain, so
that the evil may pe abated.
Samuel NoTment, of Washington,
offered resolutions referring to the pro
posed jUluL celebration by the sixteen
Amel c,l re ubliCs in honor of the cen
tenni.l Anniversary of the Inauguration
of the constitutional government on the
western hemisphere, and the Worlds
in honor Of the 4OOth ami
versary The discovery of Amer
lea, hearu. favoring this move
ment toward more intimate relations
between the several sister nations
of the three Americas and commended
it to the people of the United States as
a matter of great practical importance
Referred to the executive committee.